First Business Financial Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income of $16.753 million against $14.912 million a year ago. Income before income tax expense was $5.167 million against $6.268 million a year ago. Net income was $3.968 million or $0.46 per diluted share against $4.083 million or $0.47 per diluted share a year ago. Book value per share was $18.55 against $17.34 a year ago. Return on average assets (annualized) was 0.89% against 0.93% a year ago. Return on average equity (annualized) was 9.82% against 10.85% a year ago.

For the full year, the company reported net interest income of $63.328 million against $58.640 million a year ago. Income before income tax expense was $17.065 million against $24.891 million a year ago. Net income was $14.909 million or $1.71 per diluted share against $16.514 million or $1.90 per diluted share a year ago. Book value per share was $18.55 against $17.34 a year ago. Return on average assets (annualized) was 0.82% against 0.97% a year ago. Return on average equity (annualized) was 9.40% against 11.36% a year ago.

For the quarter, the company reported net charge-offs of $150,000 against $938,000 a year ago.